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Aerojet Rocketdyne Holdings (Aerojet Rocketdyne Holdings) Cyclically Adjusted Price-to-FCF : (As of May. 05, 2024)


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What is Aerojet Rocketdyne Holdings Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Aerojet Rocketdyne Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Aerojet Rocketdyne Holdings's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Aerojet Rocketdyne Holdings Cyclically Adjusted Price-to-FCF Chart

Aerojet Rocketdyne Holdings Annual Data
Trend Nov13 Nov14 Nov15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
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Aerojet Rocketdyne Holdings Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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Competitive Comparison of Aerojet Rocketdyne Holdings's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Aerojet Rocketdyne Holdings's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Aerojet Rocketdyne Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Aerojet Rocketdyne Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Aerojet Rocketdyne Holdings's Cyclically Adjusted Price-to-FCF falls into.



Aerojet Rocketdyne Holdings Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Aerojet Rocketdyne Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2023 is calculated as:

For example, Aerojet Rocketdyne Holdings's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2023 (Change)*Current CPI (Mar. 2023)
=-0.426/127.3478*127.3478
=-0.426

Current CPI (Mar. 2023) = 127.3478.

Aerojet Rocketdyne Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201305 -0.010 98.282 -0.013
201308 -0.114 98.675 -0.147
201311 0.322 98.334 0.417
201402 -0.578 99.057 -0.743
201405 -0.107 100.373 -0.136
201408 0.756 100.352 0.959
201411 1.842 99.635 2.354
201502 -0.677 99.032 -0.871
201505 0.815 100.333 1.034
201508 0.544 100.548 0.689
201511 -0.347 100.135 -0.441
201603 -0.625 100.470 -0.792
201606 0.375 101.688 0.470
201609 0.509 101.861 0.636
201612 1.349 101.863 1.687
201703 -0.288 102.862 -0.357
201706 0.511 103.349 0.630
201709 -0.246 104.136 -0.301
201712 2.283 104.011 2.795
201803 -1.332 105.290 -1.611
201806 1.489 106.317 1.784
201809 0.825 106.507 0.986
201812 1.678 105.998 2.016
201903 -0.238 107.251 -0.283
201906 0.539 108.070 0.635
201909 0.674 108.329 0.792
201912 1.679 108.420 1.972
202003 -0.242 108.902 -0.283
202006 1.602 108.767 1.876
202009 -0.046 109.815 -0.053
202012 2.507 109.897 2.905
202103 -0.907 111.754 -1.034
202106 0.983 114.631 1.092
202109 0.853 115.734 0.939
202112 1.023 117.630 1.108
202203 -0.900 121.301 -0.945
202206 -0.502 125.017 -0.511
202209 0.275 125.227 0.280
202212 0.107 125.222 0.109
202303 -0.426 127.348 -0.426

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Aerojet Rocketdyne Holdings  (NYSE:AJRD) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Aerojet Rocketdyne Holdings Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Aerojet Rocketdyne Holdings's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Aerojet Rocketdyne Holdings (Aerojet Rocketdyne Holdings) Business Description

Traded in Other Exchanges
N/A
Address
222 N. Pacific Coast Highway, Suite 500, El Segundo, CA, USA, 90245
Aerojet Rocketdyne Holdings Inc manufactures aerospace and defense products and systems. It produces driving and launch systems for defense and space applications, weapons, and weapons systems for tactical missions. The systems can provide directional control for rockets, satellites, missiles, and other technical products. It operates in two segments: aerospace and defense, and real estate. The company manufactures its aerospace and defense products for the U.S. government, the National Aeronautics and Space Administration, aerospace and defense prime contractors, and portions of the commercial sector. The real estate segment focuses on rezoning, entitlement, sale, and leasing of real estate assets. The company's excess real estate is primarily located in California.
Executives
Joseph E. Chontos officer: See Remarks 222 N. PACIFIC COAST HIGHWAY, SEGUNDO CA 90245
Kevin P. Chilton director 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Lance W Lord director 1110 TRUMPETERS COURT, MONUMENT CO 80132
Eileen P. Drake director, officer: CEO and President C/O GENCORP INC., P.O. BOX 537012, SACRAMENTO CA 95853-7012
Marion C Blakey director C/O ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188
Deborah L James director 1710 SAIC DRIVE, MCLEAN VA 22102
Gail Baker director C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE SUITE 1000, ARLINGTON VA 22202
Daniel L. Boehle officer: CFO, VP and Controller C/O AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. SEPULVEDA BOULEVARD, SUITE 500, EL SEGUNDO CA 90245
Warren G Lichtenstein director, officer: Executive Chairman C/O STEEL PARTNERS II L P, 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Arjun Kampani officer: VP, Gen Counsel and Secretary C/O AEROJET ROCKETDYNE HOLDINGS, INC., 2001 AEROJET ROAD, RANCHO CORDOVA CA 95742
John D. Schumacher officer: SVP, Washington Operations C/O GENCORP INC., P.O. BOX 537012, SACRAMENTO CA 95853-7012
Amy L Gowder officer: Chief Operating Officer AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. PACIFIC COAST HIGHWAY, SUITE 500, EL SEGUNDO CA 90245
Audrey A. Mcniff director C/O AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. PACIFIC COAST HIGHWAY, SUITE 500, EL SEGUNDO CA 90245
Thomas A Corcoran director 3790 VIA DE LA VALLE, SUITE 311, DEL MAR CA 92014
Martin Turchin director CB RICHARD ELLIS, 200 PARK AVENUE, NEW YOK NY 10166